Discount Retailer Fred's Sees Ch. 11 Liquidation Plan OK'd

Law360 (June 1, 2020, 7:44 PM EDT) -- A Delaware judge on Monday signed off on discount retailer Fred's Inc. Chapter 11 plan, clearing the way for distributions to be made to creditors using proceeds from asset sales, with unsecured creditors expected to see minimal recovery.

During a hearing held via telephone, U.S. Bankruptcy Judge Christopher S. Sontchi said he will be pleased to sign off on an order confirming the plan once final revisions are made.

"We have a plan that is essentially consensual," Fred's attorney Adam L. Shiff of Kasowitz Benson Torres LLP told the judge at the start of the hearing. Shiff said certain provisions dealing...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!